Company Press Release

SAN FRANCISCO, Jul 27, 2010 -- HighMark Capital Management, Inc., investment adviser of HighMark Funds, today announced the addition of its nationally recognized family of mutual funds to UBS's financial services, retail brokerage and advisory platforms.

"We're confident that our funds and our outstanding investment capabilities offer UBS a wide range of mutual funds for clients," said Managing Director Kevin Rowell, HighMark Funds. "As a distribution partner, we look forward to a long-lasting business relationship with UBS by aligning its strategic initiatives on a national, regional and branch level with Regional Sales Directors at HighMark."

"This latest partnership illustrates our aggressive growth plans and significant investment in the retail distribution channel," said Earle Malm, president and CEO, HighMark Capital Management. "We are proud that HighMark Funds are now available to UBS's high-caliber group of investment professionals."

HighMark is committed to helping clients achieve their long-term financial goals by providing high quality, competitive products and services utilizing both its seasoned in-house managers and select institutional sub-advisers who are leaders in their field. Its funds utilize disciplined investment processes with the goal of delivering consistent long-term investment performance.

About HighMark Capital Management, Inc.

San Francisco-based HighMark Capital Management, Inc. (HCM), is a registered investment adviser, with over $16 billion in assets for individual and institutional investors worldwide. HCM is a wholly-owned subsidiary of Union Bank, N.A., a wholly owned subsidiary of The Bank of Tokyo Mitsubishi-UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. /quotes/comstock/13*!mtu/quotes/nls/mtu (MTU 4.83, +0.11, +2.33%) , one of the world's largest financial organizations in market capitalization and deposit taking.

HCM is also the adviser to the HighMark Funds, a nationally recognized fund company offering a wide range of mutual funds from conservative money market funds to more aggressive growth funds, including asset allocation portfolios. HighMark Funds Distributors, Inc., an affiliate of BNY Mellon Distributors Inc., is the principal underwriter of HighMark Funds. For more information on HighMark Fund's family of mutual funds and services, please visit www.highmarkfunds.com. HighMark Capital Management can be found on the Web at www.highmarkcapital.com.